Sagar Nandi
Household Appliances stock at extreme high is looking weak

CUE 360° analysis summary

(1) $IRBT is in a decelerating industry and (2) its industry score is also weak over the one day. (3) It is overvalued, and (4) has reducing thought positive earnings growth. Fundamentally, it is mixed to weak. (5) On the weekly chart, after moving sideways for four weeks, it is displaying a Bear Release signal (the week is not over yet). (6) Daily presented a Bearish Headwind reversal signal after which price could not go up. (7) Daily is displaying a Bear Release signal today and (8) candle Flow color turned bearish, magenta. (9) IRBT is at Pendulum (price extreme) High.

You may be cautious if you are holding a long position and look for a low-risk shorting opportunity.

All the snapshots are from around 10:30 AM EST on 19th Mar 2019. Numbering in the text below follows the marking on the pictures.

IMPORTANT: As the price may move up or down during the day, you may confirm a swing trade setup at or near market close.

IRBT EDGE 2019-03-19_10-30-30.png  IRBT FUNDA 2019-03-19_10-29-49.png  IRBT TECHICAL 2019-03-19_10-31-02.png 
Sagar Nandi
1) I shared the IRBT short idea on 19th Mar.

2) By 27th Mar, IRBT has displayed two more bearish Flow (magenta) candles and it covered enough distance to allow you to book profit in the trade, at least partial profit. 

irbt followup 2019-04-02_5-18-26.jpg 

Disclaimer: This site is for educational purposes only, explaining the use of CUE systems and techniques. It is not for trade advice. Trading involves risk. You and only you are solely responsible for the outcome of your trades.

CUE Elite
CUE Global & CUE Finder
CUE Edge, Vital, Index
Metastock Software (One-Time)
Metastock Data/Subscription
Data Region